Overview
What is Partnership Academy Association?
Partnership Academy Association is a nonprofit organization situated in Richfield, Minnesota, with the address 6500 Nicollet Avenue South. Their primary mission is to support the mission and vision of Partnership Academy, Inc. by owning real property. This involvement in real estate ownership serves to further the objectives of Partnership Academy, Inc., although the specifics of their mission and vision are not provided in the information array.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 71%, earning it a Two-Star out of Four Star rating.
Partnership Academy Association has a reasonably solid accountability and finance score of 71%. The organization demonstrates strengths in governance and financial management, with a fully independent board and strong financial statement audits. They maintain a perfect program expense ratio of 100%, indicating that all their expenses are directed towards programmatic activities, which reflects a commitment to their mission.
However, the organization faces significant challenges with their financial health, as evidenced by a liabilities to assets ratio of 113.64%, indicating potential financial instability. Additionally, several key governance documents are missing, including a tax form on their website, a whistleblower policy, and a document retention policy. These gaps raise concerns about transparency and adherence to best practices in nonprofit governance.
This AI summary has been generated from information found on Charity Navigator.
Is Partnership Academy Association legitimate?
Partnership Academy Association is a legitimate nonprofit organization registered as a 501(c)(3) entity. Partnership Academy Association submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Partnership Academy Association?
The Partnership Academy Association's mission is centered around supporting the mission and vision of Partnership Academy, Inc. They accomplish this by acquiring and managing real property. Specifically, they construct and lease a building to Partnership Academy, Inc., thereby contributing to its operations. This involvement in real estate ownership is a strategic way to support the educational institution's objectives.
Who is the CEO of Partnership Academy Association?
Lisa Hendricks is the Chair/Treasurer of Partnership Academy Association.
What is the revenue of Partnership Academy Association?
Partnership Academy Association's revenue in 2022 was $788,156.
Who are the executives of Partnership Academy Association and what are their salaries?
Here are 4 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $135,514
- Other: $10,164
Where can I find the form 990 for Partnership Academy Association?
Partnership Academy Association's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Partnership Academy Association
The Partnership Academy Association, as a nonprofit organization, is committed to supporting the mission and vision of Partnership Academy, Inc. in a unique way. Their primary mission is achieved through the ownership of real property. Specifically, they construct and lease buildings to Partnership Academy, Inc., thereby contributing to its operations and goals. This involvement in real estate allows Partnership Academy, Inc. to carry out its own mission more effectively. The Partnership Academy Association serves as a vital partner, leveraging its resources to aid in the success of Partnership Academy, Inc.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
October, 2024
Partnership Academy Association significantly impacts the educational landscape by facilitating the operational needs of Partnership Academy, Inc. through the strategic ownership and management of real estate. By constructing and leasing facilities specifically tailored for the Academy, it ensures that the institution has the necessary physical environment to support its mission and vision. This collaboration allows Partnership Academy to focus on providing quality education while the Association handles the infrastructural aspects.
Operating in Richfield, MN, the Association plays a crucial role in maintaining and enhancing the learning environment for students, which directly supports the Academy's commitment to education. The availability of well-equipped and thoughtfully designed spaces enables both teachers and students to thrive academically, fostering a community centered around learning and growth. In essence, Partnership Academy Association bolsters the educational efforts of Partnership Academy, Inc., contributing to a more enriching experience for all involved.
This information is meant to be a general summary of Partnership Academy Association. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $33,962
- Program Service Revenue: $754,194
- Gross Receipts: $788,156
Assets and Liabilities:
- Total Assets: $12,534,472
- Total Liabilities: $14,252,042
- Net Assets: -$1,717,570
Want to help this charity, for free? You can click here to learn more about Give Freely
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$754,194
Organization Details
Founding Year
2007
Phone
(612) 866-3630Principal Officer
Lisa Hendricks
Main Address
6500 NICOLLET AVE SOUTH, RICHFIELD, MN, 55423
NTEE Category
Code: B11 - Education
If you are a representative of Partnership Academy Association and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.